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A mortgage generally comes with a house (an illiquid asset). If you have a buck you do have more wealth than pretty much anyone with student loans, though.
by claudiulodro 9y ago
A mortgage generally comes with a house (an illiquid asset).
If you have a buck you do have more wealth than pretty much anyone with student loans, though.
- Brakenshire 9y agoOh yes, you're right, so not a mortgage, but someone renting, with no savings, and a credit card debt or as you say, a student loan. That is a problem - for a lot of people, that will mean little to no leeway when things go wrong - but that's not the point that most people are making when they use that statistic.